Fri, 10 Jan 2014 14:51:56 GMT
EUR/NOK 1H Chart: Rectangle
The Euro– Norwegian Krone cross has been moving sideways since late December, and it seems that the tendency will persist for some time before the pair will be able to push above or below any of the trend lines. Nonetheless, a move below the 200-period SMA seems probable, as aggregate technical indicators are either neutral or sending "sell" signals, while